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$315,000 Sale Pending
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Property Description
LOCATION, LOCATION, LOCATION. Commercial/Residential!!! Located in the Heart of Downtown Lancaster, 26 N Water Street presents a Charming Prime Mixed Use Investment Opportunity! Perfect for a Business or a Rare Airbnb in the City (subject to local regulations). Just Steps away from Lancaster Central Market, Fulton Theatre, Gallery Row, Restaurants, and Boutique Shopping. The Location Offers Excellent Walkability, Strong Foot Traffic and High Visibility. The First Floor features a Commercial Storefront with Prominent Street Presence. Previously used as a Barbershop, Beauty Salon, Photography Studio, and Art Gallery. It has also served as a Guest House for Fulton Theatre Performers and Visitors. The Space is well suited for Retail, Professional Space, Studio, or Boutique Office Use. There is a Half bath and a Laundry area on this floor. It also has Great Potential to be Converted to a Studio Apartment or a Stylish Airbnb allowing a Unique Downtown Experience for Tourists. Perfect Opportunity to Own one of the few Airbnb's in the Downtown Vicinity. The Second and Third floors offer a Spacious One-Bedroom One Full Bath Residential Unit which can serve as an Owner-Occupied Residence or Generate Rental Income, including Potential Short-Term Rental Opportunities (subject to local regulations). Numerous Recent Upgrades include a Brand New Gas Furnace, New Hardwood Flooring on second and third floors, Updated Plumbing with PVC Sewer Line Replacement, Updated Faucets, Electrical Improvements, Fresh Interior Paint, New 1st Floor Washer/Dryer Combo, Inviting New Back Deck and Gate for added Privacy. Beautiful Stained Glass Windows and Lovely Details Throughout makes this a One of A Kind Property! An Ideal Opportunity for Investors, Entrepreneurs, or Owner-Occupants Seeking a Live/Work Property in Lancaster's Lively, Thriving Downtown District!
Full Property Details
Full Property Details for 26 N Water St
General
- Price: $315,000
- Taxes: $5,140 (2025)
- Status: Pending
- Type: Commercial
- Source: BrightMLSPhilly
- MLS ID: PALA2084072
- Updated: 3/28/2026
- Added to Site: 30 day(s) ago
Business
- Business Type: Other
Interior
- Flooring: Hardwood
Parking
- Parking Features: Public
- Parking Type: On Street
Location
- Area: Lancaster City (10533)
- Municipality: LANCASTER CITY
- County: LANCASTER
- Driving Directions: Use GPS
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available
Structural Information
- Construction: Brick, Masonry
- Foundation: Permanent
- Roof: Shingle, Composite
- Building Size: 1764
- Year Built: 1875
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 871
- Lot Size Source: Estimated
- Fence: Yes
- Zoning: CB
Financial Considerations
- Price Per Sq. Ft.: $178.57
- Assessment Year: 2025
- School Tax: $3,192
- City/TownTax: $1,583
- City/TownTax Freq: Annually
- County Tax: $364
- County Tax Freq: Annually
- Tax w/Assessment: $125,300
- Tax Amount: $5,140
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
Listed by Long & Foster Real Estate, Inc., Irina Bernatskaya
Get Pre-Approved Today
Schools
Schools serving 26 N Water St
School District:Lancaster School District
| Name | Grades | Distance |
|---|---|---|
Fulton El School, Lancaster, PA 225 West Orange Street, Lancaster, PA 17603 | PK-5 | 0.1 mi |
Reynolds Middle School 605 West Walnut Street, Lancaster, PA 17603 | 6-8 | 0.6 mi |
Mccaskey Campus 445 North Reservoir Street, Lancaster, PA 17602 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 26 N Water St
Date
Details
Price
Change
Source
3/05/2026
Listed
$315,000
23.53%
MLS
12/27/2023
Sold
$255,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 26 N Water St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,011
1%
$125,300
—
2024
$4,958
6%
$125,300
—
2023
$4,672
—
$125,300
—
2022
$4,672
1%
$125,300
—
2021
$4,623
1%
$125,300
—
2020
$4,572
2%
$125,300
—
2019
$4,503
-14%
$125,300
—
2018
$5,246
72%
$125,300
89%
2017
$3,050
2%
$66,400
—
2016
$2,986
1%
$66,400
—
2015
$2,950
4%
$66,400
—
2014
$2,835
—
$66,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 26 N Water St
26 N Water Street, Lancaster, PA 17603 (MLS# PALA2084072) is a Commercial property. 26 N Water Street is currently listed for $315,000 and was received on March 05, 2026. Want to learn more about 26 N Water Street? Do you have questions about finding other Commercial real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.

